Banks need political certainty and predictability of the environment, to be able to provide financing to the real economy. It commented managers of large banking groups present a strong market in Central and Eastern Europe (CEE), while at the Euromoney magazine for the region, held in Vienna.
“2015 was a positive year. All countries except Ukraine and Russia were able to report growth. Last year was recorded economic growth in the range 0.6% -4.3% in the region, he will continue this year, albeit at a slightly slower pace, “described the past year, the director of Italian bank UniCredit Region CEE Carlo Vivaldi and make a forecast for this.
And in 2016 not without risks for the banking system in the region. Among them Vivaldi indicate any slowdown in Europe and the availability of new geopolitical problems. But so far by UniCredit have no evidence that they will occur. Another risk is China, whose economy grew at the slowest pace in 25 years. At the conference by Euromoney advocate the thesis that the weakening of the second largest economy in the world can affect growth in Europe, which, if weak, will drag growth in CEE.
In general managers of major banking groups have positive expectations for the CEE region in 2016. The member of the Management Board of Erste Group Sikela Joseph said the region’s potential for greatest growth in Europe among other Western countries. He said another risk facing banking operations in 2016, which is linked to governments and their policies.
“They can create a danger for stability in the region,” said Sikela.
“These governments in CEE and the measures adopted, affect our operations,” commented the CEO of the Austrian Raiffeisen Bank International Carl Sevelda. “We operate 14 markets, and we have 14 threats. We are scared of the trends in CEE and then political. When announce new elections, it is not good for us. Recent examples are from Hungary, Croatia, Poland, Austria. Always before elections presents a new tax on banks or talk about solving the problem loans in Swiss francs. “